Newspaper article The Journal (Newcastle, England)

Jitters Give FTSE Rollercoaster Ride; Stocks and Shares

Newspaper article The Journal (Newcastle, England)

Jitters Give FTSE Rollercoaster Ride; Stocks and Shares

Article excerpt

NERVOUSNESS over the impact of the credit crunch ensured that the FTSE 100 Index experienced another day of volatility.

The index ended the day 39.8 points lower at 6140.70 despite a positive start from the US market.

In a busy week for company reporting, Opsec Security gave interim results for the six months September 30.

Opsec is the single-source global provider of anti-counterfeiting and brand protection.

The company's pre-tax profits fell from pounds 2.76m a year earlier to pounds 859,000, but this was due to an expected reduction in profits derived form its joint venture, 3dcd.

Group turnover was up 13% to pounds 16.3m and Opsec was pleased to announce a strong trading performance across all markets.

Opsec's American operation achieved strong growth in revenue - up 25% - although the weakness of the dollar continues to have an impact when the results are translated into sterling. Elsewhere, the European operation achieved a third consecutive year of record results. …

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